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PM approves decree on postponement of tax and land use fee payments

· April 9, 2020 ·

Stores on Lương Văn Can Street, Hà Nội half close their doors, only serve take-aways or online orders due to the impact of COVID-19. Businesses now enjoy a five-month extension for tax and land use fee payments. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Wednesday approved Decree No 41/2020/NĐ-CP about the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic. The decree took effect immediately. The extension would be five months from the deadline for payments. Accordingly, businesses operating in agro-forestry-fishery, food processing, textile, garment and construction industry would enjoy the extension, besides those operating in transportation, warehouse, accommodation and catering, education, medical services and part-supply industry. Others subject to the extension included small and micro – sized enterprises and credit institutions and branches of foreign banks which provided support to their customers who were hit by the COVID-19 pandemic following the requirements of the State Bank of Việt Nam. The State Bank of Việt Nam would be in charge of announcing the list of eligible banks for the extension. The five-month extension would be given to value added tax (VAT) of the assessment periods… Read full this story

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